LGI Homes (LGIH) Posts Quarterly Earnings, Beats Estimates By $0.08 EPS
LGI Homes (NASDAQ:LGIH) posted its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.08, Stock Ratings Network.com reports. The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $73.87 million.
LGI Homes (NASDAQ:LGIH) opened at 15.03 on Thursday. LGI Homes has a one year low of $12.01 and a one year high of $20.75. The stock’s 50-day moving average is $15.85 and its 200-day moving average is $16.35. The company has a market cap of $312.2 million and a P/E ratio of 45.09.
On a related note, analysts at JMP Securities raised their price target on shares of LGI Homes from $18.00 to $25.00 in a research note on Monday, April 7th. They now have an “outperform” rating on the stock.
LGI Homes, Inc is a homebuilding company engaged in the design and construction of entry-level homes in markets in Texas, Arizona, Florida and Georgia.
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